Under Armour (NYSE: UA) reported earnings on April 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Under Armour met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share dropped significantly.

Gross margins increased, operating margins shrank, net margins dropped.

Revenue details
Under Armour chalked up revenue of $471.6 million. The 25 analysts polled by S&P Capital IQ expected sales of $468.4 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $384.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.07. The 27 earnings estimates compiled by S&P Capital IQ anticipated $0.03 per share. GAAP EPS of $0.07 for Q1 were 50% lower than the prior-year quarter's $0.14 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 45.9%, 30 basis points better than the prior-year quarter. Operating margin was 2.9%, 340 basis points worse than the prior-year quarter. Net margin was 1.7%, 210 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $448.9 million. On the bottom line, the average EPS estimate is $0.14.

Next year's average estimate for revenue is $2.26 billion. The average EPS estimate is $1.48.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,782 members out of 3,030 rating the stock outperform, and 248 members rating it underperform. Among 987 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 948 give Under Armour a green thumbs-up, and 39 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Under Armour is outperform, with an average price target of $56.21.

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Seth Jayson owned shares of the following at the time of publication: Under Armour. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Under Armour. The Motley Fool owns shares of Under Armour. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.